Impatient yacht owners make for a hot new asset class

Marinas tick the ‘dependable cash flow’ box with relative ease and come with plenty of room for improvement

UK State Subsidies Soar as Post-Brexit Support Boosts Energy Projects

Government backing climbs to £114bn in year to March, more than double the previous 12 months

Greg Abel finally puts Buffett’s cash pile to work

Berkshire Hathaway chief ends more than three-year selling streak as he ploughs a net $20bn into stocks

Pfizer grapples with ‘a world of hurt’ after Covid triumph

Sliding vaccine revenues and fears it overpaid for new drugs pile pressure on boss Albert Bourla

Burnham urged to rule out changes to pension lump sums in next Budget

Do not invite pre-Budget speculation for third year running, City bosses warn new PM

The US bares its financial weak spot

Yen intervention points to the squishy underbelly of American weakness

How to fix Britain’s housing crisis

We need to find ways to lift the financial and resource constraints on new homebuilding

The joy of cooking imaginary food

From ‘The Sims 2’ to ‘Overcooked’, video games turn kitchen work into play — and reveal the satisfaction of making something you cannot eat

A Short History of Valuing Stocks

I’ve spent my career trying to find what shares are really worth — will it protect me from losses in the next crisis?

Donald Trump revives threat to sack Federal Reserve governor Lisa Cook

Move comes after Supreme Court ruled in June that policymaker could remain in her position while case is resolved

Volkswagen plans to win America back with a pickup, report says

There’s no evidence the truck will be a cheap EV truck, but what if it were?

US economy unexpectedly sheds 23,000 jobs in July

Myles McCormick in San Diego and Kate Duguid in New York